The following numbers (revenue and earnings) look excellent to
me (but what do I know).
Earnings per share for the past 4 reported quarters totals
$1.316.
Hence, the trailing p.e. based on today's closing price
of 37 7/8 is 28.8. (This is better than ASND's trailing p.e.
of about 33.6). The forward p.e., if CIEN can hit $1.47, is not
much lower, at 25.7.
CIENA Corporation QUARTERLY SUMMARY Page 2 of 10
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1996 1997 1998
1st Qtr JAN 0 53,933 134,267
2nd Qtr APR 0 86,669
3rd Qtr JUL 16,923 112,189
4th Qtr OCT 37,915 121,036
EPS (U.S. Dollars per share)
1st Qtr JAN -0.030 0.132 0.370
2nd Qtr APR -0.030 0.264
3rd Qtr JUL 0.100 0.332
4th Qtr OCT 0.110 0.350
Gary Korn
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